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(SOMANYCERA) Somany Ceramics complete technical analysis [charts+indicators] | Buy/Sell Somany Ceramics | (SOMANYCERA) share price targets

Complete technical analysis of Somany Ceramics (SOMANYCERA) by charts plus indicators, forecast predictions and share price targets for Somany Ceramics (SOMANYCERA)

Somany Ceramics trades in NSE in Furniture-Furnishing-Paints sector.

Showing technical analysis as on 2024-07-26 View latest technical analysis

10 day averaged volume of Somany Ceramics is 50525

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	760.30	775.00	775.00	752.35	2.022 times
25 Thu Jul 2024	763.60	764.30	766.30	754.05	0.306 times
24 Wed Jul 2024	764.30	739.00	778.30	738.45	0.911 times
23 Tue Jul 2024	739.00	744.60	748.85	716.00	0.754 times
22 Mon Jul 2024	738.90	740.90	768.80	727.00	1.844 times
19 Fri Jul 2024	740.90	772.75	774.55	736.20	0.969 times
18 Thu Jul 2024	772.75	776.15	785.00	765.05	0.509 times
16 Tue Jul 2024	776.15	791.00	791.00	773.35	0.431 times
15 Mon Jul 2024	780.20	780.30	799.00	766.20	1.768 times
12 Fri Jul 2024	776.40	793.10	799.55	771.05	0.991 times

Stock of Somany Ceramics (SOMANYCERA) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 756.9 as stoploss in an intra day buy trade for a target of 787.43. However, stock will show a bearish move below 756.9.

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	561.20
Downside Target	583.00
Downside Target	615.00
Downside Target	653.40
Downside Target	688.40
Downside Target	716.00
Downside Target	736.20
Upside Target	761.00
Upside Target	778.30
Upside Target	799.00
Upside Target	831.80
Upside Target	842.45
Upside Target	872.60

Intraday share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Intraday Target	724.77
Downside Intraday Target	689.23
Upside Intraday Target	787.07
Upside Intraday Target	813.83
Downside Intraday Target	751.53

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	760.30	740.90	778.30	716.00	1.588 times
19 Fri Jul 2024	740.90	780.30	799.00	736.20	0.495 times
12 Fri Jul 2024	776.40	810.60	831.80	761.00	1.158 times
05 Fri Jul 2024	806.25	836.90	842.45	803.50	0.213 times
28 Fri Jun 2024	832.40	745.75	872.60	742.70	5.361 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	760.30	836.90	842.45	716.00	0.481 times
28 Fri Jun 2024	832.40	729.00	872.60	657.00	0.608 times
31 Fri May 2024	714.90	630.90	807.85	615.00	6.521 times
30 Tue Apr 2024	630.90	584.00	653.40	583.00	0.64 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Somany Ceramics (SOMANYCERA)

Price action analysis of Somany Ceramics ( (SOMANYCERA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Somany Ceramics ( (SOMANYCERA) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Somany Ceramics ( (SOMANYCERA) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Somany Ceramics ( (SOMANYCERA) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Somany Ceramics stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Somany Ceramics in short term but the sell signal is initial and weak.

Somany Ceramics Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Somany Ceramics in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Somany Ceramics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 759.79 and Somany Ceramics (SOMANYCERA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Somany Ceramics (SOMANYCERA) stock. Volume based technical analysis of Somany Ceramics (SOMANYCERA) stock is negative.

Somany Ceramics Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.